La Porte Independent School District

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La Porte ISD recognized for excellence in financial reporting

 

The LPISD Business Office earned the Certificate of Excellence in Financial Reporting from ASBO for having met or exceeded the program’s high standards for financial reporting and accountability. The district was recognized for its Comprehensive Annual Financial Report for the fiscal year ending 2016.

Sponsored by VALIC, the Certificate of Excellence award confirms the Business Office’s commitment to financial accountability and transparency.  Recognition through the Certificate of Excellence program helps to strengthen a district’s presentation for bond issuance statements and promotes high quality financial reporting.

GFOA awarded the district the Certificate of Achievement for Excellence in Financial Reporting for its Comprehensive Annual Financial Report (CAFR). The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment for a government and its management.

The CAFR was judged by an impartial panel to meet the high standards of the program, including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.

ASBO International, founded in 1910, is a professional organization of 5,000 members that provides programs and services to promote the highest standards of school business management practices, professional growth and the effective use of education resources. GFOA is a non-profit professional association serving approximately 17,500 government finance professionals, with offices in Chicago, Illinois, and Washington, D.C.